Argentina · Delayed Price · Currency is ARS Loma Negra Compañía Industrial Argentina Sociedad Anónima Earnings Call Transcripts
Fiscal Year 2026
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Cement volumes and revenues grew modestly year-over-year, with significant margin and EBITDA improvements driven by cost discipline and operational efficiency. Despite a weak April due to weather, a high single-digit volume growth is forecast for the year.
Fiscal Year 2025
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Q4 revenue declined 1.7% year-over-year, with Adjusted EBITDA margin contracting to 19.7%. Full-year net income dropped sharply, but net debt improved and new bond issuance secured 2026 maturities. Management expects high single-digit volume growth and margin recovery in 2026.
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Third quarter results reflected a challenging macro environment, with lower volumes and profitability, but recent post-election stability and renewed industry optimism are expected to drive recovery. New bond issuance improved the debt profile, and price increases above inflation are anticipated.
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Cement volumes grew 11% year-over-year, but revenue and margins declined due to pricing pressures and a challenging competitive environment. Net profit dropped sharply, though double-digit volume growth and margin recovery are expected for 2025.
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Margins improved despite a softer top-line, with adjusted EBITDA at $40 million and net profit down year-over-year due to lower financial gains. Double-digit volume growth is expected for 2025, supported by industry recovery and new infrastructure projects.
Fiscal Year 2024
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Q4 2024 saw strong margin expansion and improved efficiency despite lower volumes, with full-year EBITDA at $198 million and net income surging to ARS 153.8 billion. Double-digit volume growth is expected in 2025, supported by a recovering market and stable cost structure.
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Sequential volume recovery and resilient margins marked the quarter, despite year-over-year declines in revenue and profit. Net debt and leverage improved, while cost controls and energy efficiency supported margins. Early signs of construction and mortgage market recovery offer optimism.
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Q2 2024 saw revenue and volumes decline sharply, but strong pricing and cost controls drove margin expansion and record EBITDA per ton. Cement volumes are recovering, with expectations for stable prices and margins, and further improvement in the second half.